Retail/Shop For Sale, Bury St. Edmunds

Location:<br>
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Bury St. Edmunds Is A Prosperous Market Town, Approximately 27miles North West Of The County Town Of Ipswich. The Town Is Recognised As A Key Retail And Leisure Destination For West Suffolk And Has A Resident Population Of Approximately 44,000 (2024 Estimate). <br>
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The Property Is Located On The North Side Of Risbygate Street, An Important Secondary Retail District, Within A Short Walk Of The Town's Primary Shopping Area, Including The Arc Shopping Centre Which Is Situated To The South.<br>
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Car Parking Is Available At The Arc Shopping Centre (865 Spaces) And St. Andrews Car Park (363 Spaces) A Short Distance To The North. <br>
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Adjoining Occupiers Include A Variety Of National And Regional Retailers And Other Independent Restaurants And Bars.<br>
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Description:<br>
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The Property Is Arranged Over Ground And Two Upper Floors Together With Basement (not Inspected), With Single Storey Buildings And A Small Enclosed Yard To The Rear. The Principal Building Has Brick Elevations Under A Pitched Clay And Slate Tiled Roof, The Single Storey Section To The Rear Being Constructed Of Brick Under A Profile Sheet Clad Roof.<br>
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The Ground Floor Restaurant Trades As "spice Garden", Benefits From A Fully Glazed Frontage And Offers 52 Covers. The Kitchen, Cold Store And Customer Toilets Are Situated To The Rear With An External Door Leading To An Enclosed Yard And Three Single Storey Stores. <br>
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A Separate Entrance Door Provides Access To The Self-contained Residential Accommodation Above, Comprising 3 Bedrooms, Kitchen And Two Shower Rooms On The First Floor And 2 Further Bedrooms On The Second Floor.<br>
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Accommodation:<br>
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Ground Floor Restaurant:-<br>
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Restaurant Area (52 Covers) 68.51 Sq M ( 738 Sq Ft)<br>
Male & Female Wc Facilities - -<br>
Kitchen 17.16 Sq M ( 185 Sq Ft)<br>
Cold Store 5.29 Sq M ( 57 Sq Ft)<br>
Two External Brick Stores 13.16 Sq M ( 142 Sq Ft)<br>
External Timber Framed Drinks Store 6.02 Sq M ( 65 Sq Ft)<br>
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Total Net Internal Floor Area 110.14 Sq M (1,187 Sq Ft)<br>
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Basement:- Not Inspected<br>
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Self-contained Residential Accommodation:-<br>
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First Floor 74.39 Sq M ( 801 Sq Ft)<br>
Second Floor 26.25 Sq M ( 283 Sq Ft)<br>
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Total Gross Internal Floor Area 100.64 Sq M (1,084 Sq Ft)<br>
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Tenancy:<br>
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The Property Is Let On A Business Lease For A Term Of 20 Years From 14th May 2019 And Contracted Out Of The 1954 Landlord & Tenant Act. <br>
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The Lease Is Upon Full Repairing And Insuring Terms And The Current Passing Rent Is £25,000 Per Annum, Subject To Open Market, Upwards Only Rent Reviews On 14th May 2024 (not Implemented) And 5 Yearly Thereafter, With A Tenant Break Clause On 13th April 2029.<br>
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The Lease Was Assigned On 23rd February 2026 To The Current Tenants.<br>
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Services:<br>
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It Is Understood That The Property Is Connected To Mains Water, Electricity, Drainage And Gas. The Restaurant Is Fitted With Air Conditioning And The First Floor Flat Benefits From Gas Fired Central Heating.<br>
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We Have Not Tested Any Of The Services And All Interested Parties Should Rely Upon Their Own Enquiries With The Relevant Utility Companies In Connection With The Availability And Capacity Of All Those Serving The Property Including It And Telecommunications. <br>
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Business Rates & Council Tax: 2026<br>
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Rateable Value (109): £23,500<br>
Council Tax (108a) 2025/2026: Band B<br>
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Energy Performance Certificate Rating<br>
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Restaurant (109) : Rating C(65)<br>
Flat (108a): Rating D(59)<br>
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Local Authority:<br>
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West Suffolk District Council, West Suffolk House, Western Way, Bury St. Edmunds, Suffolk, Ip33 3yu.<br>
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Telephone: 01284 763233 <br>
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Terms:<br>
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The Property Is To Be Sold By Live Stream Auction On 25th March 2026, Unless Sold Prior. The Guide Price Is £230,000 To £250,000 And The Property Is Vat Exempt. <br>
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For Further Details And To Obtain The Legal Pack Please Visit The Auction House Website Www.auctionhouse.co.uk/eastanglia.<br>
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Viewings:<br>
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Strictly By Prior Appointment With The Joint Auctioneers:-<br>
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Fenn Wright<br>
1 Buttermarket<br>
Ipswich<br>
Suffolk, Ip1 1ba<br>
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Contact: Alistair Mitchell <br>
Tel: 01473 417714 <br>
Email: Agm@fennwright.co.uk<br>
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Auction House<br>
Suite 29, Epsilon House<br>
Masterlord Office Village<br>
West Road<br>
Ipswich<br>
Suffolk, Ip3 9fj<br>
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Contact: Mark Willett<br>
Tel: 07922 620200<br>
Email: Mark.willett@auctionhouse.co.uk